Another Day, Another Lawsuit

Posted on October 25th, 2007 - By Bossip Staff

Categories: Lawsuits, Lil Wayne, News

Posted by Bossip Staff

lil-wayne.jpg

Jack Sutton Fine Jewelry in New Orleans is suing Lil’ Wayne for $146,000 he still owes on a $138,000 diamond ring and $32,000 gold-and-diamond necklace purchase:

The handmade platinum ring contains an 11.55 carat, princess-cut diamond surrounded by an additional five carats of invisible set princess diamonds. The 32-inch necklace is draped with ice — four rows deep, 105 carats total weight — in 18 karat white gold. Carter agreed to pay monthly installments, the suit says. Sutton received a $24,000 check on Oct. 12. The next $24,000 check was dated Jan. 18. Sutton deposited it, only to learn a stop payment had been issued. Sutton says he tried to reach Carter, sending e-mails to the artist’s financial advisor. No luck.

”Defendant has breached his oral and written agreement. He spent a lot of money with me. I thought we have a really good relationship. I don’t know what happened, unless it’s a misunderstanding.”

Weezy know he better cough up the dough…when will these cats learn that people will slap a lawsuit on your ass at the drop of a hat.  Hopefully he has a good financial advisor, and it’s not just the Birdman’s uncle or play cousin who’s good with numbers handling his money.

Source

  • DROCK

    I THINK I’M 1ST…(HAS NOTHING ELSE TO SAY)

  • Marquella

    Why is this news?

  • IAMLEGEND

    Jewerlry? wtf? these guys need to grow thr f-up!

  • nono

    yawn

  • Teezy

    Well at least this confirms his diamonds are real!

  • CAPILA

    NEXT NEWS ITEM PLEASE

  • KJ504

    Big Wayne fan thats da hometown nuccah but he knows that he needs to pay Jack. People are serious about their money and he knows that.

  • Just Sit And Be Pretty

    why do they waste money on bling? I mean, if you got it like that then fine…but monthly payments? WTF? See now Jay Z would’ve been plunking down cold hard cash…:-) Yup, Weezy is so not in his league.

  • neekah

    when will these dumb rappers learn, THESE JEWELERS AND DESIGNERS ARE NOT YOUR FRIENDS!!!! WHEN THE CHECKS STOP COMING IN SO WILL THOSE BLOOD DIAMONDS AND LUIS VUITTON GOODS!!!

  • Royal Chocolate

    Why does he need all of the sh*t anyway? Lookin’ like a draped-out smurf with a rhinstone addiction…

  • Richard O’Reilly

    I remember what Chris Rock said; “They spinnin ni99a the spinnin’; they spinnin ni99a, the spinnin!”; OK, maybe Rock talked about rims there but the same can also be said for jewels here; same scenerio;

    http://www.youtube.com/watch?v=RmrjX6NL0u8

  • MISSJ

    Jacob the jewler has said that most artist rent thier bling. Very few can afford to buy it outright. Half of these rappers don’t own anything they are just trying to keep up appearances. They better take a lesson from Hammer.

  • AND…

    Another stupid ass black man. What else is new?

  • AND…

    MISSJ

    Jacob the jewler has said that most artist rent thier bling. Very few can afford to buy it outright. Half of these rappers don’t own anything they are just trying to keep up appearances. They better take a lesson from Hammer.

    ____________________________________________

    You’re right and not just the rappers. Singers, actors, athletes they all rent. Only a handful can actually afford to buy and my homie Oprah is one of them. SHE OWNS ALL OF HER JEWELRY.

  • Bankable P

    My thoughts:

    #1 – If the check was dated for Jan 18, i’m assuming 1/28/08, why are you depositing the check now?? That may be the reason there was a stop payment – just like the man said “misunderstanding”.

    #2 – If you have the money, like everone else is saying, just pay for it. That’s how they get you with all these payment plans because if you miss a payment, we all know they start calling wanting their money in full. Personally, if i was a jeweler and you came to buy something from me that costs as much as a house I would want all my money upfront before you leave the store! LOL! That’s just me.

  • Bankable P

    #3 – If you don’t have the dough to buy the jewlery, don’t even window shop! Keep it movin’!

  • joe

    @ miss j & AND – actually “popular jewelers” like jaccob, harry winston, choppard, etc loan their jewelry out to celebrities for name recognition. same is done with gowns in the fashion industry.

    so, to be fair, it isn’t a “your a stupid black man who fronts like he has money” issue. j.lo, reese witherspoon, sandra bollock – they all borrown jewelry and gowns for special appreances.

    @ bankable – i’m sure it was from jan 07 and the jeweler has been trying to resolve the issue since then.

    people’s reading comprehension really shock me. read people, read!

  • AND…

    @joe

    In response to:

    @ miss j & AND – actually “popular jewelers” like jaccob, harry winston, choppard, etc loan their jewelry out to celebrities for name recognition. same is done with gowns in the fashion industry.

    so, to be fair, it isn’t a “your a stupid black man who fronts like he has money” issue. j.lo, reese witherspoon, sandra bollock – they all borrown jewelry and gowns for special appreances.

    ________________________________________________

    I’m aware that they want the celebs to wear their jewelry and so do the fashion designers. That’s why the hosts always ask “Who are you wearing?” It’s the best type of advertisement. I never said it was “a stupid black man who fronts like he has money”. He’s stupid b/c he has not paid for the jewelry. Obviously he wanted to own it or he would have just given it back or something but that was not the arrangement. As you said read people read!

  • JG

    Since when did broke ass, bad credit having ass people start becoming finicial advisors. If you don’t have over a million dollars in your bank account, you can’t possibly know what you are talking about. Make a million, then talk about what you should do with your money.

  • Oh F@ck That!!!

    Just Sit And Be Pretty

    why do they waste money on bling? I mean, if you got it like that then fine…but monthly payments? WTF? See now Jay Z would’ve been plunking down cold hard cash…:-) Yup, Weezy is so not in his league.

    ^^^^^^^^^^^

    Co sign that!!! Jay-Z….now THAT’s a real baller along with my baby 50 and possibly Diddy but I don’t know how much liquid asset he could actually get his money on if he needs it because there is a difference between being WORTH 340 million and actually having 340 million dollars to spend and he hasnt had a hit on Bad Boy in the last 8 years or so and it costs a lot to keep a business going as well as all of the dayum baby momma payment he makes to his 3 baby mamas lol.

  • AND…

    @Oh F@ck That!!!

    Your right. Liquid assets are different and it makes me wonder how wealthy these people really are. You remember how TLC was? Selling out venues, #1 singles and albums, and they were completely BROKE!!! Everything that glitters ain’t gold.

  • http://deleted lisa

    can someone get him an English coach?

  • kai

    Pay yo fare, comb yo NAPS lol! lol…First off, why is he having monthly payments? Still think hes talented, just a bit stupid.

  • http://deleted lisa

    i just hope that his stock portfolio is as blinged out as his teeth :) when will we learn?

  • Bronx Brawler

    Break bread lil duffel bag boy lmao

  • DANA

    payment plan?

    WTF?? THATS NOT GANGSTA!!! LOL!!

  • famou$ dude

    wezzy is my boy but i’m startin’ to think dude be lyin’ bout how much cake he got. if he had all dis cake he would pay dat sh*t off not do no monthly payments bullsh*t. looks like birdman takin’ all his money.. smh.. wezzy wake dat f*ck up and leave baby and f*ck dem diamonds.. he probably like all dem celebs.. workin’ but broke like sh*t..

  • famou$ dude

    lisa i feel you on dat sh*t.. some black folkz don’t know how to act when dey get a lil bit of change in their pocket.. sad mayne.. real sad. and yall wonder why their ain’t too many rich black folkz

  • Pj

    “Just Sit And Be Pretty”

    You don’t buy jewelry?
    if they have the money why not?
    Just make sure you pay your bills lol

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